Silicones to 2016

Published: April 2012
No. of Pages: 275
   

This study analyzes the US silicone market. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., fluids, elastomers, resins, gels), market (e.g., industrial, consumer, construction, medical) and application (e.g., vehicles and binders, elastomeric components, surfactants, polishes, lubricants and greases). It also considers market environment factors, details industry structure, evaluates company market share and profiles industry players.

US demand for silicones is forecast to reach $4 billion in 2016, with advances accelerating strongly from the pace of the recession-impacted 2006-2011 period. Gains will stem from rebounding growth in manufacturing output and construction activity, spurred by improving economic conditions. In volume terms, silicone demand is projected to reach more than 800 million pounds in 2016. The average price of silicones is expected to increase at a more moderate rate than that of the 2006-2011 period, restrained by intense price competition. Pricing growth will further be restricted by greater competition from lower cost imports. Imports from China, for example, have risen substantially in recent years.

Silicone gels to advance rapidly from small base

Silicone fluids and elastomers comprised the largest share of silicone demand in 2011, combining to account for more than four-fifths of the total. Although silicone fluids will experience the slowest gains through 2016 due to maturity in certain markets, increasing output of cosmetics and toiletries will drive demand for silicone fluids used in emollients and conditioning agents. Above average gains in silicone elastomer demand will be based on rebounding growth in the construction market, as well as greater use in medical applications, where liquid silicone rubber (LSR) is increasingly valued for its ease of processing, flexibility, and ability to form high precision parts. Silicone gels represent the smallest and fastest growing product segment, with rapid expansion driven in part by the increasing utilization of silicone gel encapsulants in the electronics market, especially in the fast growing photovoltaic sector. Moreover, silicone gel-filled breast implants -- which were reintroduced to the market in 2006 after a 14-year ban -- will continue to capture market share from their salinefilled counterparts.

Industrial market to offer best growth prospects

The industrial market will account for the majority of silicone demand through 2016. The motor vehicle segment is projected to achieve the most significant gains, driven by substantial increases in vehicle output from relatively low 2011 levels, as well as advancements in silicone technology aimed at improving vehicle safety and fuel efficiency. In addition, consumer preferences for quieter cabins will promote the use of silicone sealants and other products that aid in noise and vibration reduction.

Among other markets, construction and medical products will achieve the most rapid growth. Advances in the construction segment will be propelled by a strong recovery in building construction expenditures, particularly in the new residential segment, as well as the use of high performance silicone-based adhesives and sealants, caulks, and coatings. The medical market has been the fastest growing segment of the silicone industry in recent years, and will continue to expand strongly due to the ongoing technological development of new products. Silicone’s biocompatibility, low surface tension, chemical and thermal stability, and water-resistant qualities make it ideal for medical applications, ranging from tubing to implants to medical adhesives and wound care products.

Company Profiles

37 US silicone industry competitors covered including Dow Corning, Momentive Performance Materials, Wacker Chemie and more.

Additional Information

This study examines the US market for silicones by product (e.g., fluids, elastomers, resins, and gels), market (e.g., industrial, consumer, construction, and medical), and application (e.g., vehicles and binders, elastomeric components, lubricants and greases, emollients, surfactants, conditioning agents, and others). Historical data for 2001, 2006, and 2011 and forecasts for the years 2016 and 2021 are provided for silicone demand in current dollars for each of the products, applications, and markets. Volume data (in pounds) is provided by product and application. In addition, the key strategic and competitive variables affecting the US silicone industry are discussed, the industry’s key players are identified and profiled, and US market share is evaluated. The entire study is framed within the silicone industry’s economic and market environments.

Information and data on silicones were obtained from a variety of primary and secondary sources, including government and trade associations, industry participants, online databases, and other Freedonia studies. Trade associations include the American Plastics Council and the Society of the Plastics Industry. Primary information was gathered through consultations with officers and marketing personnel of participating companies and other industry specialists. Secondary data and background information were obtained from various trade publications including Adhesives & Sealants Industry, Chemical & Engineering News, Chemical Engineering, Chemical Week, European Rubber Journal, Global Cosmetic Industry, ICIS Chemical Business, Plastics News, and Rubber & Plastics News. Corporate annual reports, SEC Form 10-K filings, product catalogs, and other company information were also used extensively in framing the industry and market environments and as input for market size assessments.

Throughout this study, demand is related to various indicators for comparative purposes and to facilitate further analysis. Tabular details may not add to totals due to independent rounding, and calculated ratios reflect unrounded numbers. The macroeconomic indicators used in this study were obtained from The Freedonia Group Consensus Forecasts dated February 2012. Due to the Bureau of Economic Analysis’ use of chain weighted price indices, inflation-adjusted gross domestic product components (2005 dollars) may not add to the total.

Silicones to 2016

Table Of Contents

INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Overview 5
Consumer Spending 8
Demographic Trends 11
Manufacturing Outlook 15
Historical Market Trends 18
Technology 21
Environmental & Regulatory Trends 25
Occupational Safety and Health Administration 25
Environmental Protection Agency 26
Food and Drug Administration 27
Pricing Trends 28
Foreign Trade 31
International Activity 34

III. PRODUCTS 38
General 38
Fluids 41
Applications 44
Markets 47
Elastomers 51
Applications 55
Markets 57
Resins 61
Applications 62
Markets 65
Gels 69
Other Silicone Products 72

IV. MARKETS 76
General 76
Industrial 79
Electronics 81
Industry Outlook 81
Silicone Demand 83
Motor Vehicles 86
Industry Outlook 87
Silicone Demand 90
Machinery 94
Industry Outlook 95
Silicone Demand 97
Aerospace & Other Transportation 99
Industry Outlook 100
Silicone Demand 101
Other Industrial 104
Electric Utilities 105
Plastic Processing 107
Textile Products 108
Oil & Gas 110
All Other 110
Consumer 111
Cosmetics & Toiletries 113
Industry Outlook 114
Silicone Demand 116
Motor Vehicle Polishes 122
Other Consumer 124
Construction 127
Industry Outlook 127
Silicone Demand 130
Medical 133
Industry Outlook 134
Silicone Demand 136
Elastomeric Components 138
Adhesives 139
Implants 139
Other 142

V. APPLICATIONS 144
General 144
Vehicles & Binders 146
Adhesives, Sealants, & Caulks 147
Paints & Coatings 149
Other 151
Elastomeric Components 152
Lubricants & Greases 154
Emollients 157
Surfactants 159
Conditioning Agents 162
Polishes 164
Defoamers 165
Other Applications 169

VI. INDUSTRY STRUCTURE 172
General 172
Market Share 174
Mergers & Acquisitions 178
Marketing Strategies 181
Channels of Distribution 182
Technology & Manufacturing 184
Research & Development 185
Company Profiles 187
Allergan Incorporated 188
Amber Chemical, see Caledonia Investments
Arlon Silicone Technologies, see Handy & Harman
Ashland Incorporated 190
BASF SE 192
Basildon Chemicals, see KCC
Bellofram Silicones, see Marsh Bellofram
Bentec Medical Incorporated 194
Berkshire Hathaway Incorporated 195
Bluestar Silicones USA, see China National Bluestar
Group
Bostik, see Total
Caledonia Investments plc 197
Chase Corporation 200
China National Bluestar Group Company Limited 201
Clariant International Limited 205
CRI-SIL Silicone Technologies LLC 206
CSL Silicones Incorporated 207
DAP Products, see RPM International
Dow Chemical Company 208
Dow Corning Corporation 210
Elkem, see China National Bluestar Group
Emerald Performance Materials LLC 216
Evonik Industries AG 217
Gelest Incorporated 221
Handy & Harman Limited 223
Harris & Ford Silco, see Evonik Industries
Henkel AG & Company KGaA 225
HumiSeal, see Chase
Hutchinson, see Total
International Specialty Products, see Ashland
Johnson & Johnson 228
Kaneka Corporation 229
KCC Corporation 230
Kemira Oyj 232
Lubrizol, see Berkshire Hathaway
Marsh Bellofram Group of Companies 233
Meguiar’s, see 3M
Mentor Worldwide, see Johnson & Johnson
Milliken & Company 234
Milton Silicone, see Marsh Bellofram
Momentive Performance Materials Incorporated 236
NuSil Technology LLC 240
Quantum Silicones, see Caledonia Investments
Reactamine Technology, see RPM International
Rogers Corporation 243
RPM International Incorporated 245
Saint-Gobain 248
Sherwin-Williams Company 251
Shin-Etsu Chemical Company Limited 255
Silchem Silicone Chemicals Incorporated 260
Siovation, see Caledonia Investments
SiVance, see Milliken & Company
Specialty Silicone Products Incorporated 263
3M Company 265
Total SA 269
Tremco, see RPM International
Wacker Chemie AG 272
WHX, see Handy & Harman
Zhejiang Wynca Chemical Industry Group
Company Limited 275

List Of Tables

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 8
2 Personal Consumption Expenditures 11
3 Population & Households 15
4 Manufacturers’ Shipments 18
5 Silicone Demand, 2001-2011 20
6 Silicone Pricing 31
7 Silicone Supply & Demand 33
SECTION III -- PRODUCTS
1 Silicone Demand by Product 40
2 Silicone Fluid Demand 43
3 Silicone Fluid Demand by Application 47
4 Silicone Fluid Demand by Market 50
5 Silicone Elastomer Demand 55
6 Silicone Elastomer Demand by Application 57
7 Silicone Elastomer Demand by Market 60
8 Silicone Resin Demand 62
9 Silicone Resin Demand by Application 64
10 Silicone Resin Demand by Market 68
11 Silicone Gel Demand 72
12 Other Silicone Product Demand by Type & Market 75
SECTION IV -- MARKETS
1 Silicone Demand by Market 78
2 Industrial Markets for Silicones 80
3 Electronic & Computer Product Shipments 83
4 Electronics Market for Silicones by Application 86
5 Motor Vehicle Indicators 90
6 Motor Vehicle Market for Silicones by Application 94
7 Machinery Shipments 96
8 Machinery Market for Silicones by Application 99
9 Aerospace & Other Transportation Equipment Shipments 101
10 Aerospace & Other Transportation Equipment Market
for Silicones by Application 104
11 Other Industrial Markets for Silicones 105
12 Consumer Markets for Silicones 112
13 Cosmetic & Toiletry Supply & Demand 116
14 Cosmetic & Toiletry Market for Silicones by Application 119
15 Motor Vehicle Polish Market for Silicones 124
16 Other Consumer Markets for Silicones 127
17 Construction Expenditures 130
18 Construction Market for Silicones 133
19 Medical Products & Equipment Demand 135
20 Medical Product Market for Silicones 137
SECTION V -- APPLICATIONS
1 Silicone Demand by Application 145
2 Silicone Vehicle & Binder Demand by Application 147
3 Silicone Elastomeric Component Demand by Application 154
4 Silicone Lubricant & Grease Demand by Application 157
5 Silicone Emollient Demand 159
6 Silicone Surfactant Demand by Market 161
7 Silicone Conditioning Agent Demand 163
8 Silicone Polish Demand by Market 165
9 Silicone Defoamer Demand by Market 169
10 Silicone Demand in Other Applications 171
SECTION VI -- INDUSTRY STRUCTURE
1 US Silicone Sales by Company, 2011 174
2 Selected Acquisitions & Divestitures 180

List Of Charts

SECTION II -- MARKET ENVIRONMENT
1 Silicone Demand, 2001-2011 21
2 Silicone Manufacturing Process Flow Chart 22
3 Silicone Exports by Destination, 2011 33
4 Silicone Imports by Source, 2011 34
5 World Silicone Demand, 2011 37
SECTION III -- PRODUCTS
1 Silicone Demand by Product, 2011 41
2 Silicone Fluid Demand by Market, 2011 51
3 Silicone Elastomer Demand by Market, 2011 61
4 Silicone Resin Demand by Market, 2011 68
SECTION IV -- MARKETS
1 Silicone Demand by Market, 2001-2011 79
2 Industrial Markets for Silicones, 2011 81
3 Consumer Markets for Silicones, 2011 113
SECTION V -- APPLICATIONS
1 Silicone Demand by Application, 2011 146
SECTION VI -- INDUSTRY STRUCTURE
1 US Silicone Market Share, 2011 175

Published By: Freedonia Group
Product Code: Freedonia Group86


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